Bottle Of Wine Sells For A Record-Breaking $700,000

How much would you pay for a bottle of wine?

A single bottle of Romanee-Conti wine from 1945 was sold for a record-breaking $785,743 at an auction held by Sotheby's in New York on Saturday.

The auction house had estimated the bottle would sell for a little over $45,000. Instead, it sold for nearly 17 times that.

Romanee-Conti is one of the most expensive wines in the world. Image: Getty Images.

Romanee-Conti is considered the best wine from the region of Burgundy and among the best in the world. The sub-region Côte de Nuits, where the famous wine is produced, spans less than two hectares and only produces between 5000 and 6000 bottles of wine a year.

The bottle sold was one of just 600 produced in 1945.

The Romanee-Conti vineyard. Image: Getty Images.

Romanee-Conti is a red wine with a complex mixture of cherry, plum, smoke and cinnamon flavours. It's a balanced, full-bodied wine that is light on the palette but rich in flavour.

The previous record for the price of a single wine bottle was set in Hong Kong in 2010 when a 1869 Chateau Lafite Rothschild was sold for more than $320,000.